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Description
The property presents an attractive value-add investment opportunity in Chicago's Bridgeport neighborhood. The brick building contains six legal units consisting of five two-bedroom/one-bath apartments and one studio, plus two large non-conforming loft-style studio units. The non-conforming units may offer the potential to be duplexed into existing apartments or converted to legal dwelling units under Chicago's expanded ADU ordinance, subject to zoning and municipal approval. A rear brick structure provides additional flexibility and could potentially be converted into a garage, repurposed as an additional ADU or demolished to create a larger parking pad. The property also includes a full basement with shared laundry and tenant storage. With strong cash flow in place and several opportunities to increase the property's legal unit count and long-term value, this property offers investors a compelling combination of immediate income and future upside.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 4,008
County: Cook
Listed By:
Sperry Van Ness
312-676-1866
MRED MLS
MLS ID: 12745712
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3320 S Carpenter Street, Chicago, IL 60608.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,290,000 | $1,290,000 | $1,290,000 |
| Down Payment | $45,150 | $0 | $258,000 |
| Monthly Mortgage Amount | $7,902 | $8,329 | $6,523 |
| Taxes | $1795 | $1795 | $1795 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $774 | $0 | $0 |
| Monthly Estimated Total | $10,847 | $10,500 | $8,694 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/11/2026. The listing information on this page last changed on 09/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 09/11/2026 12:02:28 AM EST) or MRED MLS (last updated Thu 09/10/2026 11:58:24 PM EST) or SCWMLS (last updated Thu 09/10/2026 11:55:20 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 09/10/2026 10:20:06 PM EST) or Cedar Rapids MLS (last updated Thu 09/10/2026 10:44:47 PM EST) or NEIRBR MLS (last updated Thu 09/10/2026 11:58:52 PM EST) or ICAAR MLS (last updated Thu 09/10/2026 11:37:38 PM EST) or ECIMLS (last updated Thu 09/10/2026 11:44:44 PM EST) or RMLSA (last updated Fri 09/11/2026 12:01:09 AM EST) or Muscatine MLS (last updated Fri 09/11/2026 12:00:19 AM EST) or No Coast MLS (last updated Thu 09/10/2026 11:54:34 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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